Liz Truss is considering cutting Britain’s VAT sales tax by up to 5 percentage points across the board, the Telegraph has reported, a move that may fend off criticism that she has no plan to tackle the country’s cost-of-living crisis . The potential drop to 15%, flagged in a newspaper that has strongly backed its […]
Tag: VAT
PASOK-KINAL: The Solz move for the VAT on natural gas shows that we were right, while the government was letting us down
While the German government is proceeding with the drastic reduction of the VAT on natural gas from 19% to 7%, the ND government still refuses any reduction in fuel taxation, which in Greece is one of the highest in Europe, emphasizes in a statement the PASOK – Movement for Change. “The government staff, instead of […]
Lindner’s letter to Brussels on the exemption from VAT on the natural gas tax
German Finance Minister Christian Lindner has written to the European Commission asking for permission to waive value added tax on a new levy on the price of natural gas for a limited time, according to a copy of his letter seen by Reuters. Germany’s natural gas market operator is due to announce on Monday the […]
P. Skourletis: To adopt a zero VAT rate for consumer goods
In the need for measures that will strike at the core of accuracy, which the government is not doing, by intervening in the wholesale electricity price formation mechanism, by reducing excise taxes on fuel consumption, but also with a zero VAT rate on consumer goods, in order to to relieve households with low incomes, which […]
At the exaggerated VAT rate of 6%, masks, personal protective equipment and dialysis materials remain until 31/12
An amendment to the bill of the Ministry of Finance that will be discussed tomorrow in the Plenary Session of the Parliament, provides, inter alia, extension of the valid, until December 31, 2022, of the reduced VAT rate of 6%: – Goods related to public health. These include protective masks and gloves, antiseptics, disinfectant solutions, […]
Extension of six months to the reduced VAT – What goods and services it concerns
Reduced until 31 December 2022, VAT will be on coffee and non-alcoholic beverages in restaurants, public transport tickets, cinema tickets, sports tickets, dance schools and gyms. The period of application of the reduced VAT rates normally expired at the end of June, but with a provision included in a new bill of the Ministry of […]
Giotis’s appeal to keep the food industry alive in the crisis
LAST UPDATE: 09.28 By George Lampiris Many businesses, especially those related to retail and consumption, are currently seeking to keep their businesses as far away from the red zone at the bottom of the balance sheets as possible. This was pointed out by the CEO of Bosch, Giannis Kapras, a few days ago. The reality […]
Ad. Georgiadis: The moves in the economy must be made carefully, we can not announce measures every week
The meetings of the financial staff are consecutive for the measures that the government can take to deal with the accuracy, with the VAT reductions in some basic food items being one of the considered scenarios. This was noted by the Minister of Development and Investment ‘Adonis Georgiadis, in an interview today, on the REAL […]
A. Georgiadis: ‘If the excise tax on fuel could be reduced, we would have already reduced it’
The Minister of Development and Investment, Adonis Georgiadis, spoke to Mega about the accuracy that has set fire to the pockets of consumers, and the measures that the government is considering. Commenting on the fact that in Europe we are the 3rd most expensive country in terms of the price of gasoline, which is mainly […]
At 6% from June 1, VAT for all ELOT standards
From June 1, 2022, all the standards of the Hellenic Standardization Organization (ELOT), which are currently at the highest rate (24%), will be transferred to the low VAT rate of 6%, as it emerged after coordinated actions of the CEO of ELOT, Georgia Rembou with AADE, in the context of the directions of the Minister […]